Arun Jain

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Arun Jain
Arun Jain - CMD - Intellect.jpg
Born30 December 1959
New Delhi
Alma materDelhi College of Education
OccupationChairman and managing, intellect
Spouse(s)Manju Jain
ChildrenUday Jain and Aarushi Jain
Parent(s)A D K Jain, Shakuntala Jain
WebsiteArun Jain

Arun Jain (born 30 December 1959) is a Chennai-based Indian industrialist, investor and philanthropist.[1] He is the chairman and managing director of Intellect Design Arena Limited, an IT software products company in the banking, financial services and insurance space which is listed in the National Stock Exchange as Intellect. He was also the founder, Chairman and CEO of Polaris Consulting and Services Ltd. (formerly known as Polaris Software Labs), an IT services company. On 4 March 2016, Virtusa Corporation acquired a majority stake in Polaris Consulting & Services Limited.[2]

Arun has also been appointed the Chief Mentor[3] of the Centre of Excellence for FinTech set up by Ministry of Electronics & Information Technology (MeitY), Govt. of India, Member of National Software Product Mission, strategic forum for implementation of National Policy on Software Products 2019 constituted by MeitY. He is a Governing Council Member of STPI and also a Member in the Advisory Council of TechNest,[4] an incubation facility provided by STPI-Chennai. He has held, and continues to hold, positions in CII, MMA, National Institute of Electronics and Information Technology (NIELIT) and the Indo-American Chamber of Commerce.

Career[]

After his graduation, Arun interned with Wang Laboratories.

After his internship, Arun, along with some friends started International Information Systems (IIS) in 1983 as a partnership firm. In 1986, IIS was renamed Nucleus Software Workshop Pvt. Ltd. At a professional level, his first major enterprise was the establishment of the Nucleus Software Workshop in 1986.

In 1993, he founded Polaris Software Lab with an initial capital of $250,[5] which recorded a CAGR of over 100% during the seven-year period 1993–2000. Intellect Design Arena Ltd. is his fourth venture in pursuit of his vision to make India the IP capital towards the next growth wave for the IT Industry with a strong focus on products.[6]

Design Thinking for Everyone[]

Arun Jain is a strong believer[7] that Design Thinking is a life skill for the masses and is not limited to any field.[8] He established the School of Design Thinking. [9]

World's First Design Center[]

To reinforce the value of Design Thinking, a 30,000 sq. ft. FinTech 8012, the World's First Design Center in Chennai, was inaugurated in 2013. Dedicated to Financial Technology, it is a testimony to Arun's – and the company's – commitment to Design Thinking. A second such centre was created in Mumbai in 2015.

The FinTech 8012 Design Center plays a vital role in bringing together the three pillars of financial organisations – Business, Technology and Operations – which are rarely aligned in their goals and help them focus on a common goal – the end-user. It enables the amalgamation of the three units’ goals to achieve good design through co-creation and collaboration.

Personal life[]

Arun was born in a middle-class family of nine siblings (eight sisters and an elder brother). His father was an Accounts officer in the Govt. of India's Postal & Telegraph (P&T) department. He completed his bachelor's degree in Electrical Engineering from Delhi College of Engineering (now known as Delhi Technological University).

Ullas Trust: Encouraging Academic Excellence[]

Ullas Trust was started in 1997 by Arun Jain, with an aim to integrate associates of Polaris, and later Intellect, with the larger community and enable them to enjoy the satisfaction of working with young minds in the country.[10] The Trust is a joint initiative of the employees and the organisation.[11]

Awards and recognition[]

  • Lifetime Achievement Award by the Confederation of Indian Industry (CII) at India's premier ICT Event, Connect 2016.[12]
  • Visionary of India 2014–15 Award, at the Brand Vision India 2020 Summit & Awards.[13]
  • Indo-ASEAN Business Initiative Award 2008 from the then Indian High Commissioner and currently India's External Affairs Minister, Dr. S. Jaishankar, at the ’Zak Salaam India’ expo in Singapore.[14]
  • ICICI Venture-CII Connect 2006 Awards along with Mr. Shiv Nadar, founder of HCL Technologies and Mr. Kumar Mahadeva, founder of Cognizant Technology Systems.[15]
  • Business Mentor Award 2019 – Vikatan Group.[16]
  • Dronacharya Award – TiECON Chennai – 2019.[17]
  • For the Sake of Honour Award – by Rotary – 2019.[18]
  • Lifetime Achievement Award at the 4th edition of the Design Thinking Conclave & Awards 2018.[19]


References/Notes and references[]

  1. ^ Narasimhan, T. E. (19 November 2015). "How Arun Jain built his fortune with Polaris". Business Standard India. Retrieved 14 December 2019.
  2. ^ "Virtusa Completes Acquisition of Majority Interest in Polaris Consulting". Business Standard India. 3 March 2016. Retrieved 5 March 2020.
  3. ^ Chandrashekhar, Anandi (14 January 2019). "Ministry of Electronics & IT to set up a Centre of Excellence for FinTech at Chennai". The Economic Times. Retrieved 5 March 2020.
  4. ^ https://it.tn.gov.in/sites/default/files/2019-08/IT_e_24_2018_Ms_0-compressed.pdf
  5. ^ "How Arun Jain built his fortune with Polaris". Rediff. Retrieved 5 March 2020.
  6. ^ Simhan, TE Raja. "Focussing on developing IT products for banks helps Intellect Design Arena cross ₹1,000-cr revenue". @businessline. Retrieved 5 March 2020.
  7. ^ Thiagarajan, Divya (25 February 2018). "How effective is design thinking?". The Hindu. ISSN 0971-751X. Retrieved 5 March 2020.
  8. ^ "The Design Thinking Workshop by Intellect's Arun Jain". SmartCEO. 26 November 2018. Retrieved 5 March 2020.
  9. ^ Sangani, Priyanka (29 November 2013). "Polaris' Arun Jain sets up world's first design centre for financial technology". The Economic Times. Retrieved 5 March 2020.
  10. ^ Sinha, Vipasha (5 October 2013). "Guiding students to a brighter future". The Hindu. ISSN 0971-751X. Retrieved 9 March 2020.
  11. ^ "Intellect Design Arena Limited – Ullas Trust | Economic Times". The Economic Times. Retrieved 9 March 2020.
  12. ^ "Confederation of Indian Industry (CII) honors Arun Jain with Lifetime Achievement Award". Business Line. 28 September 2016.
  13. ^ Hariharan, Sindhu (21 April 2015). "Arun Jain receives Visionary of India award". The Times of India. TNN. Retrieved 5 March 2020.
  14. ^ "'Zak Salaam India' expo ends on an encouraging note". The Hindu. 18 August 2008. ISSN 0971-751X. Retrieved 5 March 2020.
  15. ^ "Men who made a mark in the ICT sector honoured". The Hindu. 9 September 2006. ISSN 0971-751X. Retrieved 5 March 2020.
  16. ^ India, Press Trust of (6 December 2019). "M M Murugappan honoured with Lifetime Achievement award". Business Standard India.
  17. ^ "MS Ananth conferred with Lifetime Achievement Award at TiECON Chennai 2019".
  18. ^ "Engagements for May 31, Friday". The Hindu. 31 May 2019. ISSN 0971-751X. Retrieved 5 March 2020.
  19. ^ "@intellectdesignarena Instagram post (photo) Design Thinking is the key tool in solving wicked problems that requires extraordinary solutions. #ArunJain, the ambassador of #DesignThinking, is solely responsible for redefining how young India looks at problem solving in extraordinary ways. While analysis of data can find the location of the problem, design thinking will identify the problem and provide the right solutions. Arun Jain has inspired different walks of life like students, faculty, startups, the FinTech world and more with his holistic solution-centric problem solving techniques. Arun Jain is the #LifetimeAchievementAward winner at 4th Design Thinking Conclave & Awards 2018. #DesignForDigital #PeopleWithBelief . . . . . . . . #IntellectDesignArena #Congratulations #chairman #ManagingDirector #Intellect #IntellectDesign #FT8012 #finTech #designthinking #problemsolving #extraordinarysolutions #likesforlikes #like4like #DesignThinkingConclaveAndAward2018 #PeopleWithBelief #believeinyourself #dailyquotes #quoteoftheday". gramho.com. Retrieved 5 March 2020.

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